Home > Updates-rentals, Dad's estate, future plans

Updates-rentals, Dad's estate, future plans

March 13th, 2018 at 02:41 pm

Hi all

I feel this is a season of change for me.

Dad died.. new job (not sure if I like it or it was the right idea).. take two of my first day is tomorrow. I am doing school work today. I have several assignments. Will work til maybe 1 and then call it a day (it is 9:30 now). For assignments not done by then I may choose to take reduced grades. Someone told me once "no one checks graduate school grades" but I would like to complete.

New Testament starts today

My cabinets are getting painting this week. They came by yesterday for the doors to paint in the paint booth and will come back to paint the rest this week. Also was going to get new vanity tops.. upgrades that will add value to the house or help it sell faster WHEN I sell. not selling now. Total cost for all that probably $2800

Dad's estate is approx $300k so I can expect $90k.. and probably keep $80k of that after taxes. All will pretty much go towards Vanguard investments. I am the trustee of the trust so expect to disburse after I have clarified taxes and final medical bills (for ambulance, ER, silverado). I have $5k in a local account for Dad that should pay those.

I also pretty much decided to sell the 2 flat.. comps may be lower than thought. not sure. I expect to make less than $5k or be slightly negative. All the payoffs I have done though will give me a net of almost $40k at close which will go to Vanguard investments.

I have $201k in Vanguard now so expecting to tack on another $120k.. which will put me at $320k taxable money (the rest is tax deferred).. Doing this (selling 2 flat) also alleviates my self imposed pressure to pay the bulk of that 2 flat off in the next 6 months which means my rental funds each month can go towards savings and investments. We are putting a for rent sign up today at the 2 flat.

Just stressed!!!

I have been dating but have not found "the one" .. I still have the bad habit of not cutting things off right away when someone is not a good match. I have to break things off w this guy here shortly but have "delayed" it due to guilt or whatever but really just need to move on. Life is short. I have kept myself off the market needlessly. I need to be quicker w my evaluations. I think a better support system will help with more friends

Looking forward to meeting more girlfriends or in general being out of the house w this new job or whatever.. just stressed the job was a bad move..

We will see.

talk soon.

Feeling very much in flux and stressed.

Starting final homework now!

Also need to get back on track w eating.. gained 8 lbs since July and never lost it or got back on track

Dad died of hardening of the arteries and I want to live long and vigorously.

I am making the 2nd to last 3 unit payment TODAY.. after this I will make the last payment whenever rents are sent to me. generally last day of the month.

At this point I will own:9 homes, 1 2 flat and 2 3 units outright. The 2nd 2 flat referenced above still has loans on it.


6 Responses to “Updates-rentals, Dad's estate, future plans”

  1. Carol Says:

    Rachael, so sorry that you feel so stressed. I think it's too soon to tell about the new job and maybe, if you just say to yourself, I'll decide in three months ( or whenever), and not think about it till then, it might take some pressure off your plate.
    Take care!

  2. laura Says:

    It certainly sounds like a time of transition on all fronts; I have actually self-sabotaged in the past because of an inability to navigate uncertainty. Thankfully, I'm beter now.

    Since you're studying at MBI, I'm wondering what home church you're established with. I know since my own sabbatical and writing project of 52 denominatins in 52 weeks (Or My Year Off as a Practicing Catholic - Smile) I've attended services at some great churches in Naperville - definitely evangelical/non-denoms. Take full advantage of social groups there - like minded people. If they have a singles group, look there.

    Hang in there. It will all fall into place. Thinking of you and wishing you the best. Laura

  3. Laura Says:

    Not sure what your schedule is during the week but maybe we can meet up some time for lunch. I’m in Lisle a lot of the time.

  4. FrugalTexan75 Says:

    I'm sorry you are so stressed. {{hugs}}

  5. rob62521 Says:

    So sorry about the stress. You have a lot going on. Again, sorry about the loss of your father. It's never easy losing a parent.

  6. LivingAlmostLarge Says:

    So sorry for your loss. GOod luck!

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